There are two forms of health care provided by the government: _________ is provided for the poor, and _________ is provided for the elderly.
A. HMO; Medicare
B. PMI; HMO
C. Medicaid; Medicare
D. Medicare; Medicaid
E. SSI; Medicare
C. Medicaid; Medicare
You might also like to view...
Explain the utilitarianism principle. How is it deficient?
What will be an ideal response?
Would a profit-maximizing firm sell where demand is inelastic?
A. No, this would not follow the rule of MC = MR. B. No, the firm could not profitably raise price. C. Yes, the firm could profitably lower price to attract sales. D. Yes, in this case there are few substitutes for the good.
There will be a surplus of a product when:
A. consumers want to buy less than producers offer for sale. B. price is below the equilibrium level. C. the demand and supply curves fail to intersect. D. the supply curve is downward sloping and the demand curve is upward sloping.
Suppose you are an advisor to the Business Cycle Dating Committee. You are asked to look at macroeconomic data to evaluate whether the economy has entered a recession this year. Which data do you look at? How does the economy behave at the onset of a
recession? What will be an ideal response?